First Time Home Buyer, Planning Your Move
We have seen a rash of purchase plus improvements… In the last few months we have seen a number of young people trying to get into the housing market by buying lower priced houses that are in need of a bit of TLC. I did this when I bought my first house way back when LOL and lost a bit of money. I thought my husband and I could get into the Edmonton market on the cheap and buy in a poorer area and fix it up. Long story short, the house sucked us dry as we could only really handle the mortgage payments and every cent (other than the sardines) went into the house. Several years later we realized we should have listened to our then real estate agent’s pleas to wait and buy in another... Read more »
Financial Tune Up, Home Away From Home, Improving Your Home, Planning Your Move
In the past year, the subject of break penalties has come up almost as often as the fixed vs. variable rate conversation and for good reason. There is a major discrepancy in the way that break penalty is handled from lender to lender. The major bank break penalties...
